Singaporean preschool teacher lost S$4,400 in a supposed malware scam targeting her bank account two months after downloading an app from an online advertisement. This incident contributes to a ...
More talks with Singapore on proposed economic zone
Johor and Singapore are currently discussing a proposal for a special economic zone (SEZ) within Iskandar Malaysia.
Singapore’s fight against inflation still on amid uncertain growth outlook, central bank says
Singapore's central bank warned on Wednesday of weak near-term growth for one of Asia's top financial hubs and said its fight against rising prices was not yet over, even as it lowered its 2023 ...
MAS fines DBS, OCBC, Citibank, Swiss Life S$3.8 million for breaches linked to Wirecard case
SINGAPORE: The Monetary Authority of Singapore (MAS) has fined banks DBS, OCBC, Citibank and insurer Swiss Life a total of S$3.8 million (US$2.83 million) for breaching its requirements on anti-money ...
Durian vendor wrestles man who snatched $600 from elderly woman in Tampines
His day job may be selling durians, but that hasn't stopped this man from upholding justice. A good Samaritan subdued a man who allegedly robbed an elderly woman of $600 in Tampines on Wednesday (July ...
DBS expects its property-related foreclosures to remain in low single digit until end-2023
DBS’ experience ties in with overall picture on foreclosures in Singapore’s property market. Read more at straitstimes.com.
HSBC lowers Vietnamese GDP growth forecast to 5%
Despite Vietnam’s GDP in the second quarter rising by a higher-than-expected pace of 4.1% on-year, HSBC reduced the growth forecast for 2023 to 5.0% from the previous figure of 5.2% due to mounting ...
Singapore IPO market: Why proceeds fell by 95% in 1H23
IPOs in 1H23 raised $28m. Proceeds raised through initial public offerings (IPOs) in Singapore nosedived in the first half of 2023, falling 95% YoY to $28m. Data from Deloitte showed that Singapore ...
Singapore singles desperate to see Taylor Swift are offering themselves as dates to UOB cardholders
A Singaporean bank’s cardholders have exclusive access to presales for Taylor Swift concert tickets, which has prompted some Swiftie bachelors to jokingly search for dates who happen to be cardholders ...
Singapore stocks extend losses as geopolitics, growth worries weigh; STI down 1.1%
Geopolitical concerns and souring expectations over interest rates helped send local shares south on Thursday. Read more at straitstimes.com.
Human error in coding caused 6.5 hours disruption of DBS banking services in May, said SM Tharman
DBS Bank's 6.5-hour disruption to digital banking and ATM services on 5 May was caused by human error in coding the maintenance program, according to Senior Minister Tharman Shanmugaratnam. The ...
‘Human error’ reason for DBS digital banking glitch in May
The incident caused disturbances in mobile, electronic and ATM transactions. DBS Bank has named "human error" in coding as the cause of tech disruptions in May. This error resulted in a notable ...
IPO activity strong in Southeast Asia, Singapore sees slowdown: Deloitte
Investors are increasingly paying attention to the Southeast Asian region. With growth potential and a positive outlook, there continues to be an influx of foreign direct investment into the region.
Singapore’s US$2 billion fintech Nium eyes US IPO in two years
Singapore payments company Nium Pte aims to break even in time for a US initial public offering within two years, a positive signal for Southeast Asia’s struggling startup ecosystem.
Singapore’s MAS posts $23 billion net loss
The Monetary Authority of Singapore's loss for the year ended March 31 marks the central bank's second consecutive year of net losses.
Singapore’s fight against inflation still on amid uncertain growth outlook -c.bank
Singapore's central bank warned on Wednesday of weak near-term growth for one of Asia's top financial hubs and said its fight against rising prices was not yet over, even as it lowered its 2023 ...